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07.12.119:01 PM ET

Obama: Social Security at Risk

With the deadline to raise the debt ceiling quickly nearing, the President told CBS Tuesday that he can't guarantee they'll be money to pay 70 million Social Security checks come August 3rd unless the ceiling is raised.

With the deadline to raise the debt ceiling quickly nearing, the President told CBS Tuesday that he can't guarantee they'll be money to pay 70 million Social Security checks come August 3rd unless the ceiling is raised.